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Why is gold so valuable essay

has stopped to be guaranteed by gold since 1933, and world creators' of economy attach less importance of this metal, but now yellow gold metal became more and more signifying, as it was in all times. In twenty years later thesis custom menu the gold cost 600 and you could buy a not bad suit, but 20 paper bank-note you can buy a hot-dog. As thousand years ago, gold controls politics, economy, settles the fate of countries and personalities. Liquid (easily convertible to cash) Portable (you can hold 50,000 in a small coin tube) Divisible (splitting up diamonds changes their value) Durable (how long would wheat last as money?) Consistent (one piece of real estate is always different than another) Convenient (copper coins. Presence of gold is always the sign of solvency guaranteed success and financial safety. Essentially all paper assets require another party to make good on their end of the deal. We dont print books on aluminum or build skyscrapers out of paper. Selling gold in any country of the world, you get currency of this country.

One of such notions is gold. New ways of being a penis have been shit housed around because I like doing business with a goat. In the conclusion, while five mentioned factors exists, gold will be the most reliable in saving finances and a reference of liquidity and price. Taking in consideration a great demand of yellow metal, I'd like to give one vital example. And there are a great number of such examples, which prove, that impossible to find a better bank then gold. Government fiat currenciesthose backed by nothing but trust in the issuing authorityare a relatively new invention. In 2005 their price was identical, but new searching system, as newest intellectual product, was more preferable.